Dynamic Duo

Why Leon Cooperman and Steve Einhorn think this bull market still has legs. Avoiding defense and health care. Long Sprint, Transocean, and Citigroup.

Leon Cooperman and Steve Einhorn first teamed up in 1977, when Cooperman, then head of equity research at Goldman Sachs, hired Einhorn as a U.S. equity portfolio strategist. Cooperman left to start Omega Advisors in 1991. And on retiring from Goldman eight years later, Einhorn teamed up with him again. Today, Omega manages $8.5 billion, much of it in stocks, and given their bullishness right now, almost all of it long.